Continuous Peripheral Nerve Block Catheter Market Exhibits a Stunning Growth Potentials | B. Braun Melsungen AG, Teleflex Incorporated & Halyard Health
The growing senior population is driving up the demand for postoperative pain management solutions, which is driving up the volume of orthopaedic procedures. Furthermore, in major orthopaedic procedures, cPNBs are rapidly replacing traditional regional anaesthetic approaches. One of the primary factors is the growing amount of surgeries combined with the growing requirement for adequate postoperative care. In 2017, the global continuous peripheral nerve block catheter market catheters were valued at USD 181.4 million. Over the forecast period, it is expected to grow at a CAGR of 6.2 per cent.
The increased prevalence of
osteoarthritis, the most common joint condition, has resulted in an increase in
the number of joint replacements and arthroplasties during the last decade.
According to the International Association for the Study of Pain, symptomatic
osteoarthritis affected between 10% to 15% of the global population in 2016.
The world's population is ageing, and the prevalence of osteoarthritis is
rising, which is contributing to an increase in the number of orthopaedic
surgery.
CPNB catheters are also useful in the
event of amputation of a major limb. A considerable majority of cases include
lower extremity amputations due to diabetic foot ulceration. The International
Diabetes Federation estimates that the global diabetes population will grow
from 424.9 million in 2017 to 628.6 million in 2045. Across the globe, the
number of amputations is on the rise.
Patients who have had joint
replacements or arthroplasties, as well as limb amputations, commonly endure
post-operative discomfort. After ambulatory surgery, around a third of patients
report moderate to severe postoperative discomfort. The use of long-acting
opioids to combat this has been linked to a variety of side effects, including
nausea, vomiting, and constipation.
Using cPNB catheters for regional
anaesthetic, on the other hand, results in superior post-surgical outcomes and
reduces long-acting opioid side effects. As a result, the general increase of catheters
is being accelerated by a declining preference for opiate use in pain
management.
In 2017, North America had the
greatest share, valued at USD 96.3 million. This is due to a larger target
population as well as an increase in the prevalence of lifestyle-related
disorders such as diabetes and orthopaedic ailments. A well-developed
reimbursement framework and an increasing number of day-care surgery centres
are also contributing to total income production. The European Society of Regional Anaesthesia and Pain
Therapy (ESRA) advises using peripheral nerve blocks for acute postoperative
pain in both adults and children, with the latter obtaining a larger percentage
of cPNBs. A growth in daycare/ambulatory procedures across the region is also
helping to drive the usage of these devices.
The market is fiercely competitive,
with a small number of competitors controlling the vast majority of the market
share. B. Braun Melsungen AG, Teleflex Incorporated, Halyard Health, Inc.,
Pajunk GMBH, and Vygon are among the notable participants.
Comments
Post a Comment